 Independent tax preparer? |
| Can one take the tax prep classes from H&R Block or Jackson Hewitt and, instead of working for them preparing returns, start up a tax prep business of their own? Is there a commitment to these ... |
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 Any site for tax return? |
| may be return for my ... |
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 If work exspenses are tax deductible, can I claim gas money? |
Additional Details
gas is an expense, that I wouldnt need except for ... |
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 Who can garnish tax return? |
| can unpaid court fees be taken from tax return?... |
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 What is the benefit of income tax? |
benefit of the income tax and it's advantage to us
Additional Details
Where can I get more information about the benefit of income ... |
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 Can you get in trouble if you file your taxes as single but you are actually married? |
If the IRS finds out, would you be subject to owe anything? What would happen to someone that has done this for up to 15 years? He lives in Texas and for the last 5 years has worked in Oklahoma.
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 Would Americans be willing to pay a high gas tax instead of Income Tax? |
| A high gas tax would be an incentive to conserve gas and oil. THis would help kick our dangerous oil addiction and total dependence on very unstable and nations that hate us. So would you welcome a ... |
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 My wife and I both claim zero on our taxes yet we will owe $2,600...why? |
| Ok, so, last year we both claimed 2 and ended up owing $3,000 in state and federal tax combined. So we immediately changed our withholding to zero for state and federal. However, looking at our ... |
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 Should I file my own taxes online? |
Hi all, im not sure if I should go to Hrblock to do my taxes this year, as I have done in the past. I dont have any dependents and my wife and I claim married 0 all year.
Should I keep going to ... |
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 Can I claime my niece on my taxes? |
Can i claime my niece she was born today. my sister have not work for a whole year and would like for me to claime her on my taxes since she does not work. will this be a problem?
Additional D... |
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 So is not putting 2p on petrol going to help the poor working people of the UK? |
| After it's gone up by 30p in the last two years! the idiots in this Government are far as far removed from day to day life for the majority as it's possible to be!... |
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 W4 - tax form? |
I can't figure these things out. ... I'm single with no dependents. Shouldn't I be claiming zero? Why am I reporting 2?
Additional Details
There's nothing else to ... |
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 Witholding taxes question:single with no dependents? |
Iam single with no dependents what is the best number to claim with not so much money taken out. but yet dont owe at the end of the year?
second question:what if i dont want not to much taken ... |
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 Will I receive my Stimulus check? |
| Has anyone that owes back child support receieved their Stimulus check? I owe my ex back child support. I got my letter on Thursday saying my check would be here tomorrow. And I havent received ... |
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 Stimulis check interception? |
| I wrote a while ago and asked if my ex, who is behind of child support, would have his stimulis check intercepted like his income tax was. All of the answers that I got were yes. My good friend is ... |
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angeldust | How do I deduct my own taxes if my employer is not deducting them? |
I have asked a similar question a few times, and I wanted to clarify my situation in the hopes of being able to get the most accurate answer. I was hired to work as a secretary for 40 hours a week at a rate of 8 dollars an hour. My employer told me that I will need to do my own taxes, and she will not deduct them for me. I will not be filling out a W4 form at work. I was told that I would need to pay my taxes quarterly. This is brand new to me, and I am worried. I am trying to figure out how much money I will need to take out of each weekly pay check so that I don't get into a situation of owing more taxes than I can afford to pay. My husband is not working, and we are on a very tight budget. I need to know how much to save each week for taxes, because every penny counts! |
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tonalc1
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You should receive a 1099 from your employer (she is responsible for providing that to you).
You should budget around 15% of your income, or a little more, to pay in taxes.
Speak to a tax professional for help in filing. The nice thing is, since you're considered an independent contractor (due to the 1099), you'll be able to take some deductions. But again, speak to a professional. |
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Chris
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First of all what your employer is doing is illegal. Your employer should be paying half of the social security and medicare tax. You are not a contractor if they tell you when to be there, what to do, certain hours etc.
At a minimum you need to hold back 15% for social security because you will owe this even if you do not have to pay federal or state income tax. This should be paid to the IRS quarterly (March, June, Sept. and Dec).
You need to keep up with every single expense you have toward working this job as you can count it against the income.
You will have to file a schedule C on your tax return. Because your husband is not working and your hourly wage I would be very suprised if you owe anything beyond social security. |
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Marmalade P. Vestibule III
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If you worked when he said, showed up when he said, you're an employee, not an independent subcontractor. He's trying to take advantage. He should have been deducting taxes all along.
Call the Wage and Labor board. You can't lose. It's fraud. |
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Michael B
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This is a tricky question, from what you have described the person you are working for wants to pay you as an independent contractor. However, if he determines when you work and where you must perform your work. Then it sounds like you are more likely a true employee. The employer would prefer that you be a contractor, since he would not be responsible for the employer share of social security taxes and such. If you are truly independent then you would have to pay 15% instead of 7% for SS, plus other taxes. You would also be required to make these payments on a quarterly basis. I would first resolve the employee/contractor issue, then go see a professional to calculate your quarterly tax payments if needed. |
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oakhill
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If your employer is claiming that you are an independent contractor, and you are indeed such, then you are responsible for the federal taxes due. It is a relatively simple process to set up with the IRS. If you owe more than is allowed by the IRS on your 2006 taxes, then you will need to set up a quarterly payment schedule with the IRS for 2007. ( I do it every year without problem). The details are not difficult and are available on the attached link to the IRS site for estimated taxes. Also, check the same site for information on independent contractors to see if you are actually under these rules. |
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SLC
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An person should not be deducting their own taxes unless they are self-employed or an independent contractor. Your employer can't just tell you to take out your own taxes. By law an employer has to take out taxes if a person is an employee. If he/she then you are not an employee and the employer has to issue you a 1099 to report on their own tax returns. If they don't do that, then they are defrauding the IRS which can lead to a whole world of trouble. www.irs.gov has all the information you need to fill out whatever forms necessary. |
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ninasgramma
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Weekly paycheck, save $50 each week. See my explanation in your previous question. |
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Dale
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I believe you have two options. One, is to make out a estimated tax form with a TAX adviser and pay what ever he says you should pay each quarter. Two, you can file as "self employed" again see a tax adviser for the proper forms etc. In the past I have had to do both at different times. |
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justmedrt
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You should fill out a 10-99! Is this a regular practice at your employers? Because unless your self-employed they should do it.....it just seems really odd! |
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